Sectoral Output Price Deflator for Mining: Mining (NAICS 21) in the United States
Percent Change from Year Ago
IPUBN21T051000000 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.50
Year-over-Year Change
-69.51%
Date Range
1/1/1988 - 1/1/2024
Summary
This economic trend measures the year-over-year percent change in a key industrial production index. It is a crucial indicator of manufacturing activity and a leading signal of broader economic conditions.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Percent Change from Year Ago metric tracks the annual change in the Federal Reserve's Industrial Production: Utilities index. This index serves as a proxy for the overall health of the U.S. manufacturing sector, making it an important data point for economists and policymakers.
Methodology
The data is calculated and published monthly by the U.S. Federal Reserve.
Historical Context
Economists and analysts monitor this trend to gain insights into the trajectory of industrial output and broader economic performance.
Key Facts
- The index reached a low of -6.5% in April 2020 due to the COVID-19 pandemic.
- Utilities production accounts for approximately 10% of total U.S. industrial output.
- The trend has averaged 1.5% annual growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Percent Change from Year Ago metric tracks the annual change in the Federal Reserve's Industrial Production: Utilities index, a key indicator of manufacturing activity.
Q: Why is this trend relevant for users or analysts?
A: This trend provides valuable insights into the health of the U.S. manufacturing sector and the broader economy, making it an important data point for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is calculated and published monthly by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor this trend to gauge the strength of industrial activity, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical lag of around 6 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Percent Change from Year Ago (IPUBN21T051000000), retrieved from FRED.